US Rapid Response US Fed Policy Announcement (Oct. 2026) Officials urged a gradualist approach to tightening during the inter-meeting period, and this was reflected in today’s decision to leave the fed funds target range unchanged at 3.75%-4.00%. That said... 28th October 2026 · 2 mins read
UK Economics Focus UK Budget Response: Fiscal credibility preserved, but difficult decisions deferred The Budget revealed only a small slippage in the plans to reduce the budget deficit and stabilise the debt to GDP ratio. Further slippage next year or more tax hikes are likely. Even so, this Budget... 28th October 2026 · 14 mins read
Canada Economics Update Bank of Canada embarks on a cautious hiking cycle The conservative messaging surrounding the Bank of Canada’s decision to raise the policy rate supports our view that investors are being overly presumptuous in expecting three further hikes. We still... 28th October 2026 · 3 mins read
Canada Rapid Response Bank of Canada Policy Announcement (Oct. 2026) The Bank of Canada’s decision to raise the policy rate shows the balance of risks has now tipped towards the threat of energy-driven inflation over the downside risks from trade tensions. The Bank... 28th October 2026 · 3 mins read
UK Economics Rapid Response UK Budget (28th Oct. 2026) The Budget revealed only a small slippage in the plans to reduce the deficit and stabilise the debt ratio. Further slippage next year or more tax hikes are likely. Even so, this Budget doesn’t make... 28th October 2026 · 3 mins read
RBA Watch Hawkish RBA will hike again for good measure With inflationary pressures unrelenting, the RBA will lift its cash rate by 25bp to an 18-year high of 4.85% at its November meeting. That hike will put policy settings well and truly into restrictive... 28th October 2026 · 8 mins read
Australia & New Zealand Economics Update RBNZ still on course to tighten a bit further The RBNZ’s decision to leave rates on hold today was finely balanced and the Committee signalled that further tightening remained likely. That said, the Bank’s cautious approach supports our view that... 28th October 2026 · 3 mins read
Australia & New Zealand Rapid Response RBNZ Meeting (Oct. 2026) While the RBNZ surprised with a hold at its meeting today, it continued to signal that further tightening was in the pipeline. 28th October 2026 · 2 mins read
Australia & New Zealand Rapid Response Australia Consumer Prices (Q3/Sept. 2026) With underlying price pressures gaining traction, it looks increasingly likely that the RBA will put its foot on the brakes sooner rather than later. 28th October 2026 · 2 mins read
US Housing Market Update Apartment rental growth on track for a steady recovery Early indications point to a tightening in the apartment market now that the post-pandemic supply boom has run its course. We expect asking rent growth to recover steadily, reaching 3% p.a. in 2027-28... 27th October 2026 · 2 mins read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Aug. 2026) Although house prices posted another healthy rise in August, momentum will quickly fade as the backward-looking price indices begin to capture the recent collapse in housing demand in response to... 27th October 2026 · 2 mins read
Canada Economics Weekly The midterms don’t mean enough for Ottawa to interfere Accusations that Ottawa is meddling in the upcoming midterm elections are unfounded given that which party holds Congress from next year will have little bearing on the state of the trading... 23rd October 2026 · 4 mins read
Canada Rapid Response Canada Retail Sales (Aug. 2026) The broad-based rise in retail sales in August largely reflects a rebound from July rather than a genuine strengthening in consumer demand, though there were still signs in the data that households... 23rd October 2026 · 2 mins read
UK Economics Weekly French bond rout raises the stakes for the UK Budget Recent developments in the French bond market strengthen the case for a prudent UK Budget on Wednesday. But the government still has room to act. We expect some temporary cost-of-living support and... 23rd October 2026 · 3 mins read
UK Economics Rapid Response UK S&P Global Flash PMIs (Oct. 2026) The rise in the composite activity PMI in October to its highest level since the Iran war started suggests that activity, outside of the retail sector at least, is still pretty good. This will further... 23rd October 2026 · 3 mins read
UK Economics Rapid Response UK Retail Sales & Consumer Confidence (Sep./Oct. 2026) October’s sharp fall in consumer confidence and the dip in retail sales volumes in September show that times are getting tougher for households just as the all-important festive period for retailers... 23rd October 2026 · 3 mins read
